Industry News

Dip in overnight real estate rates

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Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield stayed at 4.38 percent. The 30-year fixed-rate average slipped to 5.88 percent, and the 15-year fixed rate sank to 5.51 percent. The 1-year adjustable, however, was up at 5.64 percent. The 30-year Treasury bond yield rose to 4.68 percent. Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5. In other economic news, the Dow Jones Industrial Average lost 77.79 points, or 0.56 percent, finishing at 13,792.47. The Nasdaq was down 0.73 points, or 0.03 percent, closing at 2,816.71. Stock figures are current as of 7:30 p.m. Eastern Standard Time. ...